Bernstein analysts Gautam Chhugani, Mahika Sapra and Sanskar Chindalia noted in a memo to clients on Monday:
- The United States will lead the world in Bitcoin and cryptocurrency.
- The United States will become a "Bitcoin mining superpower";
- SEC Chairman Gary Gensler, who has frequently criticized the industry, may be replaced by a new "crypto-friendly" chairman;
- The United States will not create a central bank digital currency (CBDC), ensuring clear self-custody rights and non-censorship of crypto transactions;
- The United States will launch a stablecoin framework to promote the digital dollar as a global standard and enable cross-border payments;
- The United States will not sell its seized assets of approximately 213,246 Bitcoins (equivalent to nearly $15 billion), but will use them as the basis for a "national strategic Bitcoin reserve." (TheBlock)